Gasgoo.com (Shanghai November 24) – China-U.S. Joint Announcement on Climate Change covers different promoting plans for new energy vehicle from central government to local ones, from capital to technology and from energy development to bilateral trade.
After the release of Joint Announcement, the State Council issued the notice of energy development plan (2014 to 2020) on November 19th, which focuses on developing natural gas and energy substitution and come up with the idea of " To accelerate development of electric cars, hybrid cars and natural gas cars and fuel oil replacement" clearly.
China and U.S. are top 2 countries on the list of carbon emission load in the world but they acted seemingly in harmony but actually at variance on global climatic degeneration from United Nations Framework Convention on Climate Change to Kyoto Protocol and the global climate negotiation during recent years. But China-U.S. Joint Announcement on Climate Change (As Announcement for short below) means China and U.S. reaches consensus on the basis of standing each ground, which will promote the development of new energy vehicle and carbon emission trading market in China.
According to Announcement, U.S. releases the target of 26% to 28% emission reduction in 2025 on the basis of 2005 and China plans to reach the crest value of carbon dioxide emission and will increase the proportion of non-fossil energy in primary energy to 20% in 2030.
The Announcement and emission reduction promises made by European Union before indicates big economic entities in the world shows no hesitation in developing low carbon economy, which will influence global economic transition in the future. For China, the promise on crest value of carbon emission means the limitation of industrialization and urbanization has been confirmed, which brings huge pressure for the transition of energy structure and industrial structure and better opportunities for new energy enterprises at the same time.
As ordinary people, reporter worries about the collapse of high fuel consumption enterprises but when thinking carbon emission control will restrain economic behaviors of local governments and promote them to solve haze pollution, I'm quite satisfied. On the other side, the Announcement is good news for the development of new energy vehicle and has strong persistence.
The Announcement proposes China and U.S. who are biggest 2 countries with clean energy investment will start to work on new energy vehicle besides establishing mature energy technology corporation plan for the invention and promotion of new no carbon and low carbon technology and strengthen the emission reduction abilities of various countries.
The main performances are as follows:
1. Sino-U.S. working team on climate change has been established and several proposes on automobile, smart power grids and energy efficiency etc. are launched.
2. Sino-U.S. clean energy research center has been founded, aiming to promote the corporation on carbon collection and seal technology, building energy efficiency and clean energy vehicle.
3. To increase co-R&D on clean energy and support Sino-U.S. clean energy research center, including provide financial support for building energy efficiency, clear energy vehicle and advanced carbon technology.
Besides, China and U.S. plan to continue the corporation on advanced carbon technology, nuclear energy, shale gas and renewable energy to optimize energy structure and reduce the emission. And these 2 countries launches low carbon city propose to solve greenhouse gases emission problem and promote green products trade and bilateral trade of sustainable environmental products and clean energy technology.
After the release of Joint Announcement, the State Council issued the notice of energy development plan (2014 to 2020) on November 19th, which focuses on developing natural gas and energy substitution and come up with the idea of " To accelerate development of electric cars, hybrid cars and natural gas cars and fuel oil replacement" clearly.
The other possible influence of Announcement is the warming of carbon emission trade market. After Kyoto Protocol signed, carbon emission trade regards market mechanism as new method to solve greenhouse gases emission reduction problem which means regarding carbon dioxide emission right as commodity and facilitate related trade. As U.S. is negative for Kyoto Protocol, EU is main power of exploring carbon finance. For China, government and market should both play roles in resource allocation.
